Analysts Issue Research Notes On Mueller Water Products Inc. (MWA)

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Mueller Water Products Inc. (NYSE:MWA) finished Friday with a subtraction of -$0.09 to close at $10.76, a downside of -0.83 percent. An average of 435,100 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 812,175 shares traded, while the 50-day average volume stands at 911,158.

MWA stock has decreased by -7.72% in the last month. The company shares reached their 1-month lowest point of $10.55 on 12/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $9.90 and a high of $14.62 in 52 weeks. It has reached a new high 1 time so far this year and lost -25.28% or -$3.64 in price. In spite of this, the price is down -26.40% from the 52-week high.


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Insider Transactions

MWA stock investors should be aware that Mueller Water Products Inc. (MWA) stock had its last reported insider trading activity 25 days ago on Dec 06. In this transaction, the insider spent $47,519. Director, THOMAS LYDIA W, disposed of 12,578 shares at a price of $11.73 on Dec 02. The insider now owns more than $147,540 worth of shares. Prior to that, Director HANSEN THOMAS J went on to Sale 12,578 shares at $12.00 each on Aug 12. An amount of $150,937 was transacted.

Valuation Metrics

Mueller Water Products Inc. (MWA) has a trailing price-to-earnings (P/E) ratio of 22.19. The stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.34, the price-to-book (PB) ratio at 2.52.

The company has a payout ratio of 47.60%. The company’s most recent quarterly dividend payment was $0.0610 a share, representing a up of 5.17% from $0.0580 last year. Its latest increase dividend $0.0030 reported on Friday October 21 2022.

Financial Health

The quick ratio of Mueller Water Products Inc. for the three months ended September 29 was 1.70, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.67 and a total debt to equity ratio of 0.67 for the quarter ending September 29. Its gross profit as reported stood at $364.3 million compared to revenue of $1.25 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Mueller Water Products Inc.’s return on assets was 5.10%.

Earnings Surprise

For the three-month period that ended September 29, Mueller Water Products Inc. had $446.1 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $26.5 million in the quarter, while revenues of $23.6 million were grew 45.66%. The analyst consensus anticipated Mueller Water Products Inc.’s latest quarter earnings to come in at $0.14 per share, but it turned out to be $0.1, a -28.60% surprise. For the quarter, EBITDA amounted to $27.2 million. Shareholders own equity worth $155.89 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Mueller Water Products Inc. (MWA) price momentum. RSI 9-day as of the close on 30 December was 39.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.62%.

As of today, MWA’s price is $10.80 +0.47% or $0.05 from its 5-day moving average. MWA is currently trading -7.96% lower than its 20-day SMA and -7.88% lower than its 100-day SMA. However, the stock’s current price level is -1.65% below the SMA50 and -15.67% below the SMA200.

The stochastic %K and %D were 15.44% and 17.48%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 15.44% and the average true range at 0.28, the RSI (14) stands at 41.38%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.

Analyst Ratings

Northcoast upgraded Mueller Water Products Inc. (NYSE: MWA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

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